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Eldorado Gold Announces Closing of C$81.5 Million Strategic Investment by the European Bank for Reconstruction and Development (EBRD)

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NEWS RELEASE

TSX: ELD NYSE: EGO June 14, 2023

Eldorado Gold Announces Closing of C$81.5 Million Strategic Investment by the

European Bank for Reconstruction and Development (EBRD)

VANCOUVER, BC – Eldorado Gold Corporation (“Eldorado” or the “Company”) today announced the

closing of the previously announced strategic investment of C$81.5 million by the European Bank for

Reconstruction and Development (the "EBRD"). The investment was effected by way of a private placement

whereby EBRD subscribed for 6,269,231 shares at a price of C$13.00 per share. (the “Private Placement”).

The Private Placement is subject to final acceptance of the Toronto Stock Exchange .

About Eldorado Gold

Eldorado is a gold and base metals producer with mining, development and exploration operations in

Turkiye, Canada and Greece. The Company has a highly skilled and dedicated workforce, safe and

responsible operations, a portfolio of high-quality assets, and long-term partnerships with local communities.

Eldorado's common shares trade on the Toronto Stock Exchange (TSX: ELD) and the New York Stock

Exchange (NYSE: EGO).

About EBRD

The European Bank for Reconstruction and Development was established in 1991 to help build a new, post-

Cold War era in Central and Eastern Europe. It has since played a historic role and gained unique expertise

in fostering change in the region - and beyond - investing €170 billion in more than 6,400 projects. The EBRD

is committed to furthering progress towards ‘market -oriented economies and the promotion of private and

entrepreneurial initiative’.

Contact

Investor Relations

Lynette Gould, VP, Investor Relations

647.271.2827 or 1.888.353.8166

[email protected]